The ________ the marginal tax rate, the ________ the expenditure multiplier
A) larger; more negative
B) smaller; smaller
C) larger; larger
D) smaller; larger
E) None of the above is correct, because the expenditure multiplier is not related to the marginal tax rate.
D
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Which of the following is true of fiat money?
A) Fiat money is illegal and difficult to counterfeit. B) The raw materials required for the production of fiat money are available only in a few countries. C) Fiat money is not backed by a physical commodity. D) The technology required to produce fiat money is not widely available.
Borrowers rely on financial intermediaries to hold and find uses for their funds that promise a positive expected rate of return
Indicate whether the statement is true or false
The principal innovation that increases the safety of bank deposits is
a. computerized accounting systems. b. credit cards. c. automatic teller machines. d. deposit insurance.
In a common-value setting
a. Oral auctions tend to return higher prices
b. Sealed bid auctions tend to return higher prices
c. Vickery auctions tend to return higher prices
d. Rotating bid auctions tend to return higher prices